Woofun AI reports that Barclays analysts indicate SK Hynix’s potential U.S. stock market listing may provide short-term support for the Korean won. This support stems from hedge operations and the conversion of raised capital into won for domestic investment. Recent appreciation in the won suggests these preemptive hedging actions are already priced in.

Furthermore, if South Korean semiconductor firms fund domestic projects by repatriating offshore assets or overseas earnings, it will generate additional demand for the currency, further bolstering its value.